Question – Which one of the given options is not correct regarding Innovation Mission Punjab?
(a) Punjab Chief Minister Captain Amarinder Singh launched this mission on 1 September 2021.
(b) The mission aims to make Punjab one of the top three states in terms of innovation.
(c) The mission will also create a global pool of ambassadors and partners to attract investment, consultancy and market access.
(d) The State Government will provide a guarantee of 15 percent of the fund and up to Rs.15 crore to encourage the investors to invest initially.
Answer—(d)
Related facts —
- Punjab Chief Minister Captain Amarinder Singh launched the ‘Innovation Mission Punjab’ on 1 September 2021.
- The mission aims to make Punjab one of the top three states in terms of innovation.
- The mission will also create a global pool of ambassadors and partners to attract investment, consultancy and market access.
- The state government will initially provide 10 per cent of the corpus and guarantee up to Rs 10 crore to encourage investors.
- The mission will focus on supporting businesses in various sectors including healthcare, pharma and biotech, food and agriculture, manufacturing, media and entertainment.
- It is notable that the Punjab has a burgeoning entrepreneurial ecosystem with 450 startups and 20+ incubators.
- Besides, the Innovation Mission Punjab will act as a catalyst to strengthen by rallying rally all the stakeholders viz academia, incubators, investors, startups, government, progressive farmers, sports people, media, industry and corporate.
By — Pankaj Pandey.